Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] Hudson Company reports the following contribution margin income statement. Exercise 18-19 (Algo) Evaluating strategies-new machine LO C2 The company is considering buying a new machine that will increase its fixed costs by $40,000 per year and decrease its variab costs by $8 per unit Prepare a contribution margin income statement for the next year assuming the company purchases this machine